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$926,000

9040 Mercer Dr, Dallas, TX, 75228

Off Market

4 Beds

4 Bath

2,714 Sq Ft

Single Family Residence

$182.39 / sqft

Built in 1965

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Dryer, Electric Cooktop, Gas Water Heater, Microwave, Washer

FlooringCarpet, Ceramic Tile, Parquet

Exterior

Lot Size10,989 sqft

Building Information

Year Built1965

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00000707074000000

Lot Number3

SubdivisionLindenwood Park 1st Inst

Land UseResidential

Legal DescriptionLINDENWOOD PARK 1ST INST BLK K/7295 LT 3 MERCER DR & MERCER PLACE INT202400222630 DD11012024 CO-DC 7295 00K 00300 3007295 00K

Census Tract012209

Assessed Land Value$125,000

Assessed Improvement Value$473,100

Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED. PLEASE SUBMIT YOUR HIGHEST AND BEST OFFER BY THE DEADLINE OF SATURDAY EVENING 8-12-2023 @11PM Fantastic corner lot home with mature trees in the Casa Linda Forest neighborhood that’s ready for the perfect remodel. Large living room with plenty of natural light. Spacious den with gas fireplace and a glass enclosed porch that can also be accessed from the primary bedroom. Primary bed and bath, second bedroom, laundry room with ½ bath downstairs 3 more bedrooms and a Hollywood bath upstairs. Plenty of closet space throughout. Close to Casa Linda Shopping Center and White Rock Lake. All Information Deemed Reliable But Not Guaranteed, Buyer To Verify All Information.

Investor Tools

$926,000

Estimated Property Value

$792,000Estimated Mortgage Balance

$155,132Estimated Equity

14% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,556 /month

Positive

Cash Flow Estimate:

$1,852 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,500/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$13,368

$598,100

2025

$125,000

$473,100

$598,100

Tax History

Year

Tax Paid

Assessed Value

2024

$13,368

$598,100

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Guaranteed Rate Inc

Conventional

$792,000

First

Nov 1, 2024

Dec 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$770,868

$155,132

16%

83%

$4,749/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$4,749/mo

$-2,777/mo

2.6%

Learn About the Market: Opportunity in Dallas

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DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

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